Credit issues

[mekaangreg]

I am having such a hard time getting my credit scores up. I have gotten credit cards and paid them on time. I have also kept the balances low. I want to pay off the collections but am told that I should not do that as they are older over 5 to 6 yrs and it would only hurt my score. Does anyone have any advice. I want to purchase a home.

[Credit-consultant]

Hello,

I may be able to help you with your credit issues.  If your open to credit restoration my company can leverage the laws of the FCRA in your favor and help you to obtain the financing that you need in the future.  Credit cards are one of the biggest forms of misconception that we all live by, paying the bills but the scores dont go up!  We live our life scratching our heads wondering why?  Well I can show you!  I give you a free consultation regarding your credit report if you can get me a copy of that report we can sit down and go over it!  My company is based in Denver CO.  But I am the regional manager for the Carolinas and Georgia.  My office is in Ballantyne Park.  You may contact me at 704-280-5295 or fnelson@veracitycredit.com.

Thanks,

Freddie Nelson

[Short Sale Pro]

I want to pay off the collections but am told that I should not do that as they are older over 5 to 6 yrs and it would only hurt my score. Does anyone have any advice. I want to purchase a home.

Welcome Abroad Mekaangreg,
Glad you have you stop by, i hope that you find the information you are looking for.  This forum is to help you find answers to a lot questions that you may have.  I will try to provide as much information as i can and i will go and look for the answer if i don't know it.

I have some advice i can give and maybe Credit-Consultant can  add on to what i am about to say.  Any collection that is showing up on your files are not good.  Lenders normally look for recent dents in credit and if you don't have any recent credit they will look at other things you may have to show good paying character. 

As far as paying off your collections, some lenders require you to have up to $5,000 in collections or money that you owe out and the creditors took action.  Any amount above $5,000 will have to be paid off before you can close on a loan.

Hope this helps. 

[Credit-consultant]

Collections are a tricky thing guys.  You dont necessarily want to pay on old collections because all it does is reset the date of last activity and an old collection wil refresh to show up as a brand new tradeline which brings your score down even further.  I can help if your interested in enrolling in a good solid credit repair program.

http://www.veracitycredit.com  then call me 704-280-5295